Nottingham Building Society is probably one of the firm’s most valued clients for conveyancing work.
Are you 100% sure that you are adhering to the requirements as a firm on the Nottingham Building Society conveyancing panel?
As far as we are aware Lexsure is uniquely positioned to conduct a full lender panel compliance audit for your conveyancing files where Nottingham Building Society are the lending client.
Our full directory of Nottingham Building Society Handbook instructions gives us the ability to audit a law firms’ conveyancing files whilst on the Nottingham Building Society conveyancing panel retrospectively and in the same vein as Nottingham Building Society would.
Lexsure’s panel of expert assessors impartially check using propriety templates and Lender obligation archives whether each conveyancing matter breached your contractual obligations when the Certificate of Title was completed.
In the absence of your search company offering the service as part of your account management the fee for a Nottingham Building Society compliance panel audit is £1,975+VAT. Our team will audit eight remortgage or purchase files involving Nottingham Building Society, which we can stratify by tenure (e.g. leasehold) date or a multitude characteristics.
Once the fieldwork is completed, Lexsure will prepare a detailed findings for your transactions with Nottingham Building Society and a baseline risk score. We can also follow-up with you to set out our auditor’s findings and recommendations in a formal debrief. Audit follow-up can be scheduled. Lexsure will contact the managing partner to request the status of actions taken. No more than two lender conveyancing panel audits may be commissioned by a firm in a calendar year.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to select the date, time and location of a Nottingham Building Society conveyancing panel compliance audit. The system is available 24/7, which eliminates most instances where you have to wait for business hours to contact Lexsure to schedule or cancel a Nottingham Building Society panel compliance audit. Please note that before accepting a Nottingham Building Society conveyancing panel compliance review we have to conduct a conflict check. It may not be possible for Lexsure to conduct a Nottingham Building Society panel Handbook risk file audit
Where commissioned by your firm Lexsure has no duty to report breaches to Nottingham Building Society and we will ensure the results of your audit are completely confidential.